| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
REVENUE: | ||||||||||
Material sales | ||||||||||
- | - | - | - | 113,066 | 126,885 | 95,713 | 44,472 | 37,444 | 17,272 | 5,668 |
Royalty and license fees | ||||||||||
- | - | - | - | 77,773 | 63,192 | 47,006 | 31,698 | 15,345 | 4,606 | 2,656 |
Contract research services | ||||||||||
- | - | - | - | 207 | 954 | - | - | - | - | - |
Technology development and support revenue | ||||||||||
- | - | - | - | - | - | 3,920 | 7,074 | 8,500 | 8,667 | 7,461 |
REVENUE | ||||||||||
405,177 | 247,414 | 335,629 | 198,886 | 191,046 | 191,031 | 146,639 | 83,244 | 61,289 | 30,545 | 15,786 |
COST OF SALES | ||||||||||
75,374 | 53,541 | 54,698 | 26,288 | 62,997 | 41,315 | 28,889 | 4,528 | 3,731 | 888 | 374 |
Gross margin | ||||||||||
329,803 | 193,873 | 280,931 | 172,598 | 128,049 | 149,716 | - | - | - | - | - |
OPERATING EXPENSES: | ||||||||||
Research and development | ||||||||||
71,276 | 53,717 | 49,144 | 42,744 | 44,641 | 41,154 | 34,215 | 30,032 | 24,129 | 21,695 | 21,122 |
Selling, general and administrative | ||||||||||
59,613 | 46,999 | 46,808 | 32,876 | 29,046 | 28,135 | 24,745 | 19,550 | 18,940 | 13,041 | 10,921 |
Amortization of acquired technology and other intangible assets | ||||||||||
21,962 | 21,962 | 21,983 | 16,493 | 10,999 | 10,997 | - | - | - | - | - |
Patent costs | ||||||||||
6,833 | 7,464 | 7,010 | 6,249 | 5,717 | 6,291 | 17,273 | 13,385 | 7,442 | 4,271 | 3,239 |
Royalty and license expense | ||||||||||
11,776 | 6,996 | 9,739 | 5,823 | 5,370 | 4,519 | 3,273 | 2,073 | 1,360 | 876 | 395 |
Total operating expenses | ||||||||||
171,460 | 137,138 | 134,684 | 104,185 | 95,773 | 91,096 | 108,395 | 69,568 | 55,602 | 40,771 | 36,053 |
OPERATING INCOME | ||||||||||
158,343 | 56,735 | 146,247 | 68,413 | 32,276 | 58,620 | 38,244 | 13,676 | 5,687 | -10,226 | -20,266 |
Interest income, net | ||||||||||
10,795 | 7,659 | 3,294 | 2,113 | 783 | 707 | 811 | 1,240 | 994 | 279 | 669 |
INTEREST EXPENSE | ||||||||||
- | - | - | - | - | - | 47 | 48 | 50 | 27 | 7 |
Other income, net | ||||||||||
767 | -83 | -4 | -1,928 | - | - | - | - | - | - | - |
Interest and other income, net | ||||||||||
11,562 | 7,576 | 3,290 | 185 | 783 | 707 | - | - | - | - | - |
LOSS ON STOCK WARRANT LIABILITY | ||||||||||
- | - | - | - | - | - | - | - | -4,190 | -10,077 | -1,031 |
INCOME BEFORE INCOME TAXES | ||||||||||
169,905 | 64,311 | 149,537 | 68,598 | 33,059 | 59,327 | 39,008 | 14,868 | 2,441 | -20,051 | -20,635 |
INCOME TAX EXPENSE | ||||||||||
31,601 | 5,471 | 45,652 | 20,528 | 18,381 | 17,473 | -35,044 | 5,208 | -714 | -134 | -129 |
NET INCOME | ||||||||||
138,304 | 58,840 | 103,885 | 48,070 | 14,678 | 41,854 | 74,052 | 9,660 | 3,155 | -19,917 | -20,505 |
NET INCOME PER COMMON SHARE: | ||||||||||
BASIC | ||||||||||
2.92 | 1.24 | 2.19 | 1.02 | 0.31 | 0.90 | 1.61 | 0.21 | 0.07 | -0.53 | -0.56 |
DILUTED | ||||||||||
2.92 | 1.24 | 2.18 | 1.02 | 0.31 | 0.90 | 1.59 | 0.21 | 0.07 | -0.53 | -0.56 |
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE: | ||||||||||
BASIC | ||||||||||
46,959 | 46,849 | 46,725 | 46,408 | 46,816 | 46,252 | 45,898 | 45,951 | 43,737 | 37,567 | 36,479 |
DILUTED | ||||||||||
46,995 | 46,896 | 46,805 | 46,535 | 47,494 | 46,685 | 46,543 | 46,883 | 45,140 | 37,567 | 36,479 |
CASH DIVIDENDS DECLARED PER COMMON SHARE | ||||||||||
0.40 | 0.24 | 0.12 | - | - | - | - | - | - | - | - |